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AUD/USD

  • #75,741
  • Apr 2, 2014 10:26pm Apr 2, 2014 10:26pm
Range bound seems more appropriate rather than an expectation of another run up. Risk-sentiment is still questionable.
The coincidental success is more dangerous than the expected failure
  • #75,742
  • Apr 2, 2014 11:17pm Apr 2, 2014 11:17pm
Quoting Smeegle
Pushed back to 2:50 GMT
Who wants to bet that the new data released about the m/m had the RBA expecting a larger drop. So now they are rewriting the speech for stronger language..

"Mary found weeping blood in Melbourne church over concerns based on the high AUD" the pope said this Thursday at mass.

Nostradamus predicts 0.72x Aud by middle of March.

but what will he say..

"We the RBA would rather see the dollar below the .90 as we feel this would aid the Australian economy" said somebody of relatively high importance.

"The Australian dollar is a stubborn little bugger, the mongrel should be down below the 0.9 handle and preferebly in the .80 handle range. However true to Anzac spirit this little prick just keeps on getting up." said knightly monk Stevens.
A genius is born every minute, me I am lucky if my socks match.
  • #75,743
  • Apr 2, 2014 11:22pm Apr 2, 2014 11:22pm
12% up so far on scalps, but really want to get these crazy shorts closed.
A genius is born every minute, me I am lucky if my socks match.
  • #75,744
  • Apr 2, 2014 11:45pm Apr 2, 2014 11:45pm
I think trade balance, protect the price from falling dramaticaly..
  • #75,745
  • Apr 3, 2014 12:02am Apr 3, 2014 12:02am
.9222 has become resistance and .9216 has become support, I have both levels marked on my charts I want it to keep going down. Its like someone is watching my charts and playing with my mind.
  • #75,746
  • Apr 3, 2014 12:23am Apr 3, 2014 12:23am
I don't know why it would go down now. The German market opens in an hour and the London an hour after that. When they see the price at a nice support .921x and the only thing that will bring it lower than that is the US data tonight (5 1/2 hours after london opens) their likely to go long in the short term.

On the other hand hitting .921x would have taken alot of long position SL out, knowing this the fear of it tanking could result in europe going short, with no support there.

Who's knows. Is there really a support at .921x anymore?
  • #75,747
  • Apr 3, 2014 12:25am Apr 3, 2014 12:25am
if this 3rd times rejected, we are back to normal business
Attached Image
  • #75,748
  • Apr 3, 2014 12:29am Apr 3, 2014 12:29am
A report from Commonwealth on today's Trade Balance release:
Commonwealth – February’s Australian Trade Balance
  • #75,749
  • Apr 3, 2014 12:39am Apr 3, 2014 12:39am
Quoting ozboy
if this 3rd times rejected, we are back to normal business {image}
now break through, so ? Going south ?
  • #75,750
  • Apr 3, 2014 12:42am Apr 3, 2014 12:42am
Text book H&S on 4hr (especially the lower right shoulder). Waiting for a confirmation on 15m for a BO.

Edit: (broker +2)
As the lights go by so too do the shadows move
  • #75,751
  • Apr 3, 2014 12:57am Apr 3, 2014 12:57am
H&S formed in 4H chart and it's confirmed. but 0.9200 has strong buy orders.
  • #75,752
  • Apr 3, 2014 1:03am Apr 3, 2014 1:03am
Quoting zew
H&S formed in 4H chart and it's confirmed. but 0.9200 has strong buy orders.
buy orders or sell stop orders?
  • #75,753
  • Apr 3, 2014 1:04am Apr 3, 2014 1:04am
Quoting Neqrotik
Range bound seems more appropriate rather than an expectation of another run up. Risk-sentiment is still questionable.
Yeah, mainly range-bound. But, not 100% range-bound (IMO). Market seems to be moving a snails pace.
  • #75,754
  • Apr 3, 2014 1:08am Apr 3, 2014 1:08am
Koala for fun trading in daily TF : http://www.forexfactory.com/attachme...9&d=1396504349
not euphoria follower
  • #75,755
  • Apr 3, 2014 1:19am Apr 3, 2014 1:19am
Quoting whackdiddy
{quote} SSM, you are letting the fundamentals screw with you.. NAB Ceo change. All banks down on stock market. Jupiters (casino mob) to reduce staff in Aus Airline pulling out All car manufacturers pulling out. China defaults looming again Cold war And still the AUD drive on with one arm out the window give the bird the world. If basing trading on fundamentals we should be around the 0.89 mark right now in my opinion. If this sounds harsh it is not meant to be... I placed my crazy shorts based on fundamentals.
From your posts, you are shorting right?
The true fact is market doesn't care, risk mgt is important.
  • #75,756
  • Apr 3, 2014 3:16am Apr 3, 2014 3:16am
After a big support level broke on last nights confusion of sorts in the data. The chart said a different story busting through this support level and now is coming back up to test it, we will see if it now comes to act as resistance for the short term. We can also conclude that the bounce was indeed .9200 psych number so it would make sense.

Market is just waiting for US data then will decide.
Attached Image (click to enlarge)
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All posts are my personal opinion
  • #75,757
  • Apr 3, 2014 3:55am Apr 3, 2014 3:55am
Quoting whackdiddy
{quote} Who wants to bet that the new data released about the m/m had the RBA expecting a larger drop. So now they are rewriting the speech for stronger language.. "Mary found weeping blood in Melbourne church over concerns based on the high AUD" the pope said this Thursday at mass. Nostradamus predicts 0.72x Aud by middle of March. but what will he say.. "We the RBA would rather see the dollar below the .90 as we feel this would aid the Australian economy" said somebody of relatively high importance. "The Australian dollar is a stubborn little...
I don't know why he's so hesitant to "jawbone" ay. I certainly wouldn't hold it against him
Luv ur post too..
  • #75,758
  • Apr 3, 2014 5:10am Apr 3, 2014 5:10am
My view on the Aussie at the moment but may look to re-test of 260.
Attached Image (click to enlarge)
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  • #75,759
  • Apr 3, 2014 5:39am Apr 3, 2014 5:39am
Quoting Ssm
{quote} From your posts, you are shorting right?
Two shorts and two longs for quick scalps this morning.

But I still have those crazy shorts from last week that I am holding longer term (not much choice really).
We did in fact hit the support on the H4 at the 0.92113, support is now stronger on the H4 chart represented by the thickness of the cloud. But the US session should punch through the support.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
A genius is born every minute, me I am lucky if my socks match.
  • #75,760
  • Apr 3, 2014 5:46am Apr 3, 2014 5:46am
Quoting whackdiddy
{quote} Two shorts and two longs for quick scalps this morning. But I still have those crazy shorts from last week that I am holding longer term (not much choice really). We did in fact hit the support on the H4 at the 0.92113, support is now stronger on the H4 chart represented by the thickness of the cloud. But the US session should punch through the support. {image}
given some good US data will no problem
All posts are my personal opinion
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